Has Arsene Wenger had his transfer war chest cut to £60 million?

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Bit of an odd one this, but in an interview with French paper L’Equipe Arsene Wenger not only confirms that he will be at Arsenal next season, but also seems to suggest that he has had £10 million cut from his transfer budget.

Up until now the figure that has widely reported is that Wenger has been given a £70 million war chest. However in the interview it is suggested that the board…

‘will make available £60 million for Wenger to strengthen his squad this summer.’

Hmm, so is that just a typo? Or has someone got their fact wrong? Or will it be £50 million next week now that the fans seem to be pacified and Champions League football looks like a string possibility.